Energy company BP announced Tuesday the immediate termination of Chairman Albert Manifold, stating the decision was based on what the company called “unacceptable” governance oversight and conduct issues.
Manifold had taken on the chairman position in October, though his appointment came with less support than typically seen for such roles. During his tenure, he had been advocating for the company to accelerate its return to oil and gas investment strategies.
The oil and gas giant has named Ian Tyler to serve as temporary chairman as the company begins its search process for a permanent leader to fill the position.
